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$32.5K

$63K

$95.5K

How much do value engineering jobs pay per year?

As of Jul 6, 2026, the average yearly pay for value engineering in the United States is $62,977.00, according to ZipRecruiter salary data. Most workers in this role earn between $47,000.00 and $72,000.00 per year, depending on experience, location, and employer.

What is the difference between Value Engineering vs Cost Estimator?

AspectValue EngineeringCost Estimator
CredentialsProfessional certifications like SAVE, PECPAs, CPCs, or industry-specific certifications
Work EnvironmentDesign teams, project managers, constructionConstruction firms, engineering companies, project planning
Industry UsageConstruction, manufacturing, engineeringConstruction, engineering, architecture

Value Engineering focuses on analyzing and improving project value by optimizing costs and functions, often during design phases. Cost Estimators primarily develop detailed cost projections for projects, ensuring budgets are accurate. While both roles involve cost considerations, Value Engineering emphasizes value optimization, whereas Cost Estimators focus on precise cost calculation.

What is value engineering?

Value engineering is a systematic method used to improve the value of a project, product, or process by analyzing its functions and seeking ways to reduce cost without compromising quality, performance, or reliability. It involves a team-based approach to examine all aspects of a project and identify opportunities for innovation and cost savings. Value engineering is commonly used in construction, manufacturing, and product design to maximize efficiency and deliver better results within budget constraints.

How does a Value Engineer typically collaborate with other departments during a project lifecycle?

Value Engineers work closely with cross-functional teams such as design, procurement, and project management to identify cost-saving opportunities without compromising quality. They regularly participate in multidisciplinary meetings to review project specifications, suggest alternative materials or processes, and ensure proposed changes align with functional requirements. This collaborative approach helps streamline decision-making, increase project efficiency, and deliver greater value to clients. Effective communication and negotiation skills are essential in ensuring all stakeholders are aligned on proposed solutions.

What are the key skills and qualifications needed to thrive as a Value Engineer, and why are they important?

To thrive as a Value Engineer, you need expertise in cost analysis, process optimization, and engineering principles, usually backed by a degree in engineering or a related field. Familiarity with value analysis methodologies, CAD software, and project management tools is typically required, along with certifications like CVS (Certified Value Specialist) being beneficial. Strong analytical thinking, effective communication, and collaboration skills help value engineers lead multidisciplinary teams and drive consensus on cost-saving initiatives. These skills are crucial for maximizing product value, reducing costs, and ensuring project success without compromising quality.
More about Value Engineering jobs
What cities are hiring for Value Engineering jobs? Cities with the most Value Engineering job openings:
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What states have the most Value Engineering jobs? States with the most job openings for Value Engineering jobs include:
What job categories do people searching Value Engineering jobs look for? The top searched job categories for Value Engineering jobs are:
Value Engineering jobs near you
Infographic showing various Value Engineering job openings in the United States as of June 2026, with employment types broken down into 93% Full Time, 4% Part Time, and 3% Contract. Highlights an 88% Physical, 3% Hybrid, and 9% Remote job distribution, with an average salary of $62,977 per year, or $30.3 per hour.
Advanced Project Engineer/Value Engineering

Advanced Project Engineer/Value Engineering

Honeywell - AEROSPACE

Phoenix, AZ • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 4 days ago

Be an early applicant

Honeywell Aerospace rating

8.3

Company rating: 8.3 out of 10

Based on 118 frontline employees who took The Breakroom Quiz

26th of 60 rated aerospace companies

Job description

As an Advanced Project Engineer/Value Engineering here at Honeywell Aerospace, you will lead and manage complex engineering projects, ensuring successful execution and delivery while driving operational excellence and continuous improvement. The Advanced Project Engineer is responsible for developing cost-reduction initiatives on electrical or mechanical aerospace products aligned to the assigned Gold Business Enterprise (GBE). This requires extensive coordination, negotiation, and partnering with Engineering, Program Management, and other functions within the Integrated Supply Chain.
In this role, you will impact the company's success by coordinating cross-functional teams, monitoring project progress, and maintaining adherence to timelines, budgets, and quality standards.
You will report directly to our Engineering Program Management Director and you'll work out of our Phoenix, Arizona location on a hybrid work schedule.Note: For the first 90 days, New Hires must be prepared to work 100% onsite M-F.
KEY RESPONSIBILITIES
  • Participate in electrical Value Engineering and strategic cost-takeout projects aligned with business and GBE plans.
  • Conduct engineering-driven workshops and product line deep dives to identify new cost-takeout ideas. Execute the Value Engineering process and ensure consistent application across all projects
  • Provide technical support to current Value Engineering projects in execution to improve product cost, producibility, and yield
  • Aligns with Materials Management to achieve synergies in cost-takeout efforts to ensure that strategic business roadmaps are followed
  • Develop short, medium- and long-term projects through deep dives and supplier workshops to maintain a portfolio of potential projects to support AOP and STRAP planning for CPE
  • Develop and maintain required reporting templates and tools to support project reviews, Management Operating Reviews, and clearinghouses as needed
  • Work closely with manufacturing and sourcing, engineering, Honeywell senior executives, program managers, and customer business team to maximize the return on investment of the projects.
  • Translate customer and business needs into actionable product requirements.
  • Act as CPE focal in GBE Meetings. Support their strategies and execute their MOS.
  • Travel: up to 10%

Qualifications
YOU MUST HAVE
  • 3+ years' experience of Program Management in Integrated Supply Chain
  • Bachelor's degree from an accredited institution in a technical discipline such as the sciences, technology, engineering or mathematics
  • Excellent problem-solving and decision-making abilities
  • Effective communication and interpersonal skills

WE VALUE
  • Master's Degree (completed or in progress) or advanced professional certification
  • Extensive relevant manufacturing engineering experience
  • Experience performing product manufacturing cost analysis
  • Ability to understand and establish priorities in a complex and demanding environment
  • Work in a matrix environment with a focus on building relationships and driving improvements over multiple locations
  • Excellent verbal and written communication and presentation skills
  • A self-starter who takes the initiative, is well organized, detail-oriented, and self-motivated
  • Possess a positive attitude and professional image with impeccable business ethics
  • A change agent with excellent interpersonal and leadership skills
  • Passion for innovation and continuous learning
  • Experience with project management tools and methodologies

BENEFITS OF WORKING FOR HONEYWELL
In addition to a competitive salary, leading-edge work, and developing solutions side-by-side with dedicated experts in their fields, Honeywell employees are eligible for a comprehensive benefits package. This package includes employer subsidized Medical, Dental, Vision, and Life Insurance; Short-Term and Long-Term Disability; 401(k) match, Flexible Spending Accounts, Health Savings Accounts, EAP, and Educational Assistance; Parental Leave, Paid Time Off (for vacation, personal business, sick time, and parental leave), and 12 Paid Holidays. https://honeywellaerospacebenefits.com/
Due to compliance with U.S. export control laws and regulations, candidate must be a U.S. person, which is defined as, a U.S. citizen, a U.S. permanent resident, or have protected status in the U.S. under asylum or refugee status.
No Sponsorships - We are not currently sponsoring applicants for work visas for this job. Applicants must be currently authorized to work in the United States on a full-time basis.
The application period for the job is estimated to be 40 days from the job posting date; however, this may be shortened or extended depending on business needs and the availability of qualified candidates. Job Posting Date: 05/13/2026
ABOUT HONEYWELL
Honeywell International Inc. (Nasdaq: HON) invents and commercializes technologies that address some of the world's most critical challenges around energy, safety, security, air travel, productivity, and global urbanization. We are a leading software-industrial company committed to introducing state of the art technology solutions to improve efficiency, productivity, sustainability, and safety in high growth businesses in broad-based, attractive industrial end markets. Our products and solutions enable a safer, more comfortable, and more productive world, enhancing the quality of life of people around the globe. https://www.honeywell.com/us/en
THE BUSINESS UNIT
Honeywell Aerospace is a global leader in aviation products and services. We provide advanced aerospace systems and components that enhance flight safety, efficiency, and performance. Our innovative solutions support commercial, defense, and space applications, delivering superior value to customers worldwide through cutting-edge technology and comprehensive support services. https://aerospace.honeywell.com/

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